Entry Strategy:
When the latest candlestick opens, perform the following:
-
If the CCI values of the previous three candlesticks (1st, 2nd, and 3rd) are all above 100, place a 1-lot SELL order at the current price.
-
If the CCI values of the previous three candlesticks (1st, 2nd, and 3rd) are all below -100, place a 1-lot BUY order at the current price.
(The values 100 and -100 are parameters that can be modified in the EA's parameter window.) Additional Orders: This EA places at most one order per candlestick. No new orders will be placed if the previous order is still open.
Exit Strategy:
-
When an order is placed, the EA sets a 200-point stop loss and a 500-point take profit. The order will automatically close when the price hits the stop loss or take profit. (Stop loss and take profit points can be modified in the EA's parameter window.)
-
If the opposite entry condition is met, the current order is closed at the market price.